Islamabad - President Dr Arif Alvi has said that Special Economic Zones (SEZs) being developed across the country under the 2nd phase of the China Pakistan Economic Corridor (CPEC) would further augment Pakistan’s industrial growth, besides helping in the development of Pakistan’s transport, infrastructure and energy sectors.
He stated that five SEZs, being developed under the CPEC, would possess state-of-the-art infrastructure and the Government of Pakistan would provide all the necessary facilitation in setting up the industry in the SEZs. He urged the local and foreign investors to fully benefit from the improved Ease of Doing Business in the country and utilise the opportunities being offered by the country’s business and investment-friendly policies.The president made these remarks while addressing the 3rd Roundtable Conference titled “Pakistan Paradise for Investment & CPEC-2030: Economic Revolution from Kashgar to Gwadar and Beyond”, at Aiwan-e-Sadr, on Tuesday.
China’s Ambassador to Pakistan, Mr Nong Rong, also addressed the occasion. The conference was also attended by the members of the diplomatic community, media and business community. Addressing the conference, the President highlighted that the investment-friendly policies of the country had already started paying dividends, which had encouraged famous mobile phone brands to invest in the manufacturing and assembling of phones in Pakistan.
He also urged the business community to fully utilize and benefit from sectoral policies designed by the government offering incentives like tax breaks, tax refunds, tax reduction, dedicated infrastructure and investor facilitation services. He further said that CPEC had already advanced the level of cooperation with Pakistan’s all-weather friend China in the infrastructure and energy sectors.
The president said that CPEC has helped Pakistan develop a world-class road network, which would not only improve internal connectivity but would also help forge closer linkages with other countries in the region. In the energy sector, he highlighted, steps were being taken to improve the transmission and distribution system of the country under CPEC, enhance system reliability, address the chronic problem of circular debt and ensure sustained provision of energy at affordable rates for industrial and commercial activities. The Ambassador of China, Mr Nong Rong, in his speech said that Pakistan and China enjoyed exemplary and all-weather friendship in all sectors and CPEC was one of the manifestations of this cooperation. He said that China would continue its support to the CPEC projects to ensure that the development work on these projects was carried out with full potential. He said that the cooperation between the two countries was further being enhanced in the social sector, industry, culture and technology.